Publications & Documents

It is a great pleasure to be back in Tokyo to present the OECD’s 2015 Economic Survey of Japan. When I launched the last survey two years ago, the three arrows of Abenomics – bold monetary policy, flexible fiscal policy and a reform-driven growth strategy – were still in their infancy.

Gross government debt has risen to 226% of GDP. Rapid population ageing is putting continued pressure on public spending, while pushing down Japan’s potential growth rate to around ¾ per cent. Bold reforms are needed to revitalise the economy.

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The Japanese economy is on a path to stronger growth, but fundamental structural reforms are urgently needed to promote a more robust recovery, address high levels of government debt and reverse a trend toward declining living standards, according to the latest OECD Economic Survey of Japan.

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I am delighted to be at Tokyo University this afternoon for the launch of the Innovative Schools Network. As one of Asia’s foremost institutions of education, one which prides itself on moving forward the frontiers of human knowledge in the interests of society at large, Todai (Tokyo University) is the perfect setting for today’s event.

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Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.

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Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.

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The OECD is represented outside of Paris by Centres in Berlin, Mexico City, Tokyo, and Washington. The Centres serve as regional contacts for the full range of OECD activities, from the sales of publications, to inquiries from the media, to liaison with governments, parliaments, business, labour and civil society. They help disseminate information regarding OECD activities, and serve to communicate priorities from member countries'